If you cannot obtain a UK current bank account with cheque book, debit card
or even an ATM cash card then there are some very basic savings accounts
available for such people.
These basic savings accounts are ideal for undischarged bankrupts or others
who find it difficult to obtain a bank account. Most are completely non-status.
We have put together the most comprehensive list available of all the UK basic
savings accounts that require the smallest possible opening deposit which are
suitable for those with some form of bad credit.
The other part of the list can be seen on our other savings accounts page.
They are usually operated either by passbook and/or ATM card with a few even
offering a cheque book and debit card.
If you have a bad credit history and are interested in a 'real' UK personal
current bank account with debit card or even a cheque book then see our
UK bank account page where you will even find current bank accounts that
are available to undischarged bankrupts.
If you just want a Visa or MasterCard payment card but without any bank
account attached then see our prepaid debit card page for details of these
National Savings and Investments
National Savings and Investments - Direct Saver
This easy access account is managed online or by phone and requires a £1 minimum opening deposit. It is the account that they recommend you should move your funds to when they close their Easy Access Savings Account in 2012.
Nationwide Building Society
Nationwide Building Society - CashBuilder Card
This basic savings account is not strictly a bank account but does come with an
ATM cash card. You need at least £100 to open the account and can withdraw up
to £300 in cash a day at any Nationwide branch or LINK ATM cash machine.
Cheltenham & Gloucester
Cheltenham & Gloucester - C & G Cheltenham Gold
This basic savings account comes with a passbook. You need just £1 to open one.
Sainsbury's Bank - Extra Saver
This basic savings account can be operated by phone or online. You need
just £1 to open it. There is easy access to funds via bank transfer.
Cumberland Building Society
Cumberland Building Society - Instant Savings
This instant access savings account requires a minimum initial investment
of £100. You must live in North West England / South West Scotland.
Halifax - Everyday Saver
This very basic savings account is operated through any Halifax branch using a passbook and can also be accessed online or by phone. It requires just £1 as a minimum opening deposit.
Santander - Flexible Card Saver
Santander offers an instant access savings account which can be opened with
a minimum of £500. The Flexible Card Saver account can also come with an
ATM cash card and can be operated online.
Guaranteed UK Bank Account for those with bad credit
Britannia - Flexible Savings
This postal or branch based basic savings account comes with the choice of either
a CashCard or passbook and requires an opening deposit of at least £1.
Wesleyan Assurance Society
Wesleyan Assurance Society - Classic Account
This instant access savings account can be opened with a minimum of £100.
There is Internet and phone banking but no cash card.
Tesco Bank - Instant Access Savings Account
You can open this basic savings account with just £1. It also comes with an
ATM card that can be used to withdraw cash at any LINK machine.
Inward direct debits are allowed.
Kent Reliance Building Society
Kent Reliance Building Society - Fixed Rate Easy Access Savings Account
This is a passbook operated instant access savings account. Inward standing
orders are allowed. The minimum opening deposit for this account is just £50.
Newcastle Building Society
Newcastle Building Society - Newcastle Online Access Saver
This online instant access savings account requires a minimum deposit of £500.
Portman Building Society
This building society merged with the Nationwide.
See the Nationwide Savings Account
Leeds Building Society
Leeds Building Society - Premier Current Account
This savings current bank account requires a minimum opening investment
of £100. It comes with either a passbook or possible cheque book and
overdraft if you have good credit.
If you have £2500 or more to invest, they also offer a cheque savings bank
account called the Leeds Building Society - Albion Cheque Account. This
real current savings bank account comes with a cheque book.
The Royal Bank Of Scotland
The Royal Bank Of Scotland - Instant Saver
This savings account requires a minimum opening deposit of £1 and
allows inward standing orders. An ATM Cirrus card is also provided.
Access to the account is by branch, Internet & telephone banking.
HSBC - Flexible Saver
This basic instant access savings account requires a minimum opening deposit of £1. Statements are sent twice yearly. Internet & telephone banking is available.
Derbyshire Building Society
Derbyshire Building Society - Cash Account
This basic savings account requires a minimum opening deposit of just
£10 and comes with a LINK ATM cash card. You can withdraw up to £250
of your funds per day. You can also pay your salary directly into the account.
Dunfermline Building Society
Dunfermline Building Society - Gold Account
This instant access savings account requires a minimum opening investment
of £1. It comes with a passbook and LINK ATM cash card.
Yorkshire Building Society
Yorkshire Building Society - Cash Transactor
This savings account comes with a choice of either passbook or LINK ATM cash
card. It requires £100 to open and acts very much like a real bank account in
so far as you can pay in your salary or wages and set up direct debits and
Lloyds TSB - Cash ISA Saver
This is one of only two instant access savings accounts from Lloyds TSB for those who do not already have a current bank account with the bank (the other one being the Easy Saver account). You can open it with as little as £1. The minimum withdrawal is just £1.
Alliance & Leicester
This has now become part of Santander.
See the Santander Savings Account
Bank of Cyprus UK
Bank of Cyprus UK - Instant Access Account
If you are an existing customer of this UK bank then they offer a basic
savings account that has no minimum initial investment requirements.
Bank of Ireland UK
Bank of Ireland UK - Classic Saver
This instant access savings account requires an initial opening deposit from just £2.
Bank Of Scotland
Bank Of Scotland - Access Saver
This instant access savings account can be opened with a minimum of just £1.
It can be operated by phone, online, in branch or through a cash machine.
Barnsley Building Society
Barnsley Building Society - Falcon Instant
This instant access savings account is suitable for those who live in areas covered
by the society's branch network. The minimum opening investment is £1.
Beverley Building Society
Beverley Building Society - Instant Access
This instant access savings account requires a minimum opening investment of £1.
It is branch and/or postal based.
Birmingham Midshires - Online extra
This instant access Internet based savings account requires a minimum
investment of £1000.
Chorley and District Building Society
Chorley and District Building Society - Chorleian Account
This building society, based in the Chorley area of Lancashire, offers an
instant access savings account that requires a minimum account balance
of just £1.
Earl Shilton Building Society
Earl Shilton Building Society - Double Top Instant Access
This building society, which is situated in the Leicestershire area, offers an
instant access savings account that requires a minimum balance of £1.
Melton Mowbray Building Society
Melton Mowbray Building Society - Instant Access Share
This building society offers an instant access passbook operated savings account
designed for those who live in Leicestershire, Lincolnshire, Nottinghamshire or Rutland. The account can be opened with a minimum of £25 if you live within these areas or £1000 if you live outside.
Shepshed Building Society
Shepshed Building Society - Instant Access Account
This building society, based in the Midlands, offers an instant access
savings account that requires a minimum opening balance of £500.
Swansea Building Society
Swansea Building Society - Premier Account
This building society, based in South Wales, offers an instant access savings
account that requires a £500 minimum opening deposit (for those who live in Wales).
Universal Building Society see Newcastle Building Society.